Tax Sheltered Annuity. Voluntary adjunct employee salary reductions for Internal Revenue Code Section 403(b) tax-sheltered annuities and 457(b) deferred compensation shall be available to adjunct employees covered by this Agreement. Contracts shall be arranged individually through the Office of the Executive Vice President for Finance and Administrative Services or designee subject to regulation by the College.
Tax Sheltered Annuity. An employee may authorize the Board to make deductions for the purpose of tax sheltered annuities.
Tax Sheltered Annuity. An Employee may participate in a tax deferred annuity plan authorized by the Employer, the payment therefor to be made through payroll deduction authorized in writing by the Employee on a form supplied by the Employer.
Tax Sheltered Annuity. During each year of this Agreement, and any extended term hereof, the Board will deduct such sum as the Superintendent shall direct in writing from the Superintendent’s salary, as established in paragraph 7 of this Agreement, and apply the same to the purchase of IRS § 403-b program of the Superintendent’s choosing.
Tax Sheltered Annuity. The Employer agrees to provide a tax sheltered annuity program for employees.
Tax Sheltered Annuity. An employee may authorize the Board to take deductions from his salary for the purpose of tax sheltered annuities pursuant to the provisions of N.J.S.A. 18A:66-127, et seq., and the terms of a group contract approved by the Board.
Tax Sheltered Annuity. The Board shall continue its present policy of making tax sheltered annuity programs available for purchase to all teachers. Participation in the annuity program is entirely voluntary.
Tax Sheltered Annuity. Employees may participate in an approved tax sheltered annuity with the District providing payroll deductions for this purpose. Employees may change the tax sheltered programs in which they participate by notifying the Payroll Department of the intended change by the first day of the month in which the change is to be effective.
Tax Sheltered Annuity. The Board will, upon request, reduce the salaries of teachers for contributions to tax sheltered annuities approved by the Board for payroll reduction. By the end of the 1997-98 school year, the Board shall provide the opportunity to amend annuity deductions not to exceed twice during the calendar year.
Tax Sheltered Annuity. The Board agrees to continue in effect for the term of this Agreement the availability of its present tax sheltered annuity program for all members of the bargaining unit by means of payroll deductions. Beginning July 1, 2002 the Tax Sheltered Annuity companies that a bargaining unit member may choose to enroll in will be limited to the nine (9) companies that have the highest enrollment at the time. Bargaining unit members may choose to enroll in a company other than one of the aforementioned nine (9) if at least twenty (20) employees choose to enroll with that company. All employees who have enrolled with companies prior to July 1, 2002 may continue that enrollment and their payroll deduction programs. Payments to the program will coincide with the end of the month pay period and the money will be withdrawn and sent to the program on payday. In the event new federal laws are enacted during the term of this Agreement allowing changes in tax sheltered annuities, the Board agrees to open the Agreement, for this section only, to discuss this section.
